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USA: OIL PRICES PLUNGE AFTER TRUMP STEPS BACK WITH CEASEFIRE.
Oil prices fell sharply across global markets after Donald Trump announced a two-week ceasefire agreement with Iran that includes the reopening of the strategically vital Strait of Hormuz.
- 1 day, 20 hours
ITALIAN ENERGY GIANT ENI ANNOUNCES GAS DISCOVERY OFF EGYPT COAST.
Egypt and the Italian energy company ENI have announced a significant natural gas discovery off Egypt’s Mediterranean coast, offering potential relief as the country faces mounting energy challenges linked to regional tensions involving the United States, Israel, and Iran.
- 1 day, 21 hours
TRUMP REVERSES COURSE ON CUBAN OIL BLOCKADE, ALLOWS RUSSIAN TANKER TO PASS.
U.S. President Donald Trump has unexpectedly reversed course on his administration’s strict stance toward Cuba’s oil supply, signaling that he is open to allowing countries including Russia to deliver crude oil to the island despite ongoing sanctions and political tensions. The shift comes at a critical moment for Cuba, which is facing one of its worst energy crises in years after a de facto oil blockade cut off key suppliers like Venezuela and Mexico, leaving the country without fuel shipments for months. The arrival of a sanctioned Russian tanker carrying a large crude cargo offers temporary relief to an economy strained by blackouts, fuel shortages, and declining industrial activity. However, the move also raises broader questions about U.S. sanctions policy, global oil flows, and the growing role of geopolitical considerations in determining who gets access to energy supplies during times of crisis.
- 1 week, 4 days
ASIAN REFINERS SWITCH FROM DUBAI TO BRENT TO PRICE U.S. CRUDE.
Asian refiners are increasingly changing the way they price U.S. crude oil purchases, shifting from the Middle East Dubai benchmark to the global Brent benchmark after Dubai crude prices surged to record levels. The spike in Middle East crude prices has been driven by supply disruptions, reduced crude availability, and ongoing shipping risks around the Strait of Hormuz due to the Iran conflict. As a result, Middle East oil has become significantly more expensive, forcing Asian buyers to rethink pricing mechanisms and sourcing strategies. This shift could have long-term implications for global oil trading, pricing benchmarks, and derivatives markets, especially if more refiners and producers move away from the Dubai benchmark toward Brent-linked pricing systems.
- 2 weeks
MIDDLE EAST SHOCK GIVES DANGOTE REFINERY LEVERAGE AS CHEAP IMPORTS DRY UP.
Disruptions in global energy flows caused by the Iran conflict are reshaping Africa’s fuel supply landscape, giving Nigeria’s Dangote Petroleum Refinery a major competitive advantage. As traditional low-cost fuel imports from Europe and the Middle East decline due to shipping disruptions and tighter supply, Dangote is rapidly increasing exports across the continent. With shorter supply chains, growing production capacity, and rising regional demand, the refinery is emerging as a key alternative supplier at a time when African markets are prioritizing fuel availability and energy security over price. This shift signals a potential long-term transformation in how West and Sub-Saharan Africa source refined petroleum products.
- 2 weeks, 1 day
DANGOTE REFINERY EXPORTS 456,000 TONNES OF FUEL TO AFRICAN MARKETS.
The Dangote Petroleum Refinery has exported 456,000 tonnes of refined petroleum products to several African countries in March 2026, marking a major shift in Africa’s fuel supply structure. The exports, delivered through 12 cargo shipments by international traders, included Premium Motor Spirit (PMS) and were sent to countries such as Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. The development comes shortly after the refinery reached its full production capacity of 650,000 barrels per day, positioning the facility as a major supplier not only for Nigeria but for the wider African market. This expansion is happening at a critical time when global fuel supply chains are under pressure due to the ongoing Middle East conflict, pushing African countries to seek alternative and more reliable fuel sources closer to home.
- 2 weeks, 2 days
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.